Pensioners in poverty - Australia is the second worst in the OECD
More than one third of Australian pensioners live in poverty. The OECD
average is 12 percent of pensioners in poverty. Of OECD countries only
South Korea is worse. than Australia Let that sink in. Slovakia, Greece,
Poland, Estonia, Slovenia and Turkey, for example, all treat their
pensioners much better than the Australian government does. Instead of
Australian Productivity Commission suggestions that pensioners reverse
mortgage their homes or downsize, maybe we should tax the rich and
abolish their superannuation and other tax concessions to pay for an
increase in pensions in Australia to take all pensioners out of poverty.
http://enpassant.com.au/2015/12/03/pensioners-in-poverty-australia-the-second-worst-oecd-country/